Key Highlights AAPL shares advanced 1.3% to $337.40, approaching its record closing high of $333.74 Apple regained its position as the globe’s most valuable publicly traded company, surpassin
Shares of Apple experienced a 1.3% gain on Monday, reaching $337.40 and moving closer to establishing a fresh all-time closing peak. The existing record close remains at $333.74.
Should the stock close above $340.43, Apple would achieve a market capitalization exceeding $5 trillion — a historic threshold the tech giant has yet to reach.
This upward momentum arrives mere days ahead of Apple’s fiscal third-quarter financial results, scheduled for release after market close on Thursday, July 30. The report will mark Tim Cook’s final earnings announcement as chief executive officer.
On Monday, AAPL secured its position as the planet’s most valuable publicly traded enterprise, displacing Nvidia. NVDA shares tumbled nearly 5%, reducing its market valuation to approximately $4.77 trillion, while Apple approached the $5 trillion threshold.
Over the last 30 days, Apple has accumulated gains of approximately 20%. Robust iPhone sales and expanding services segment revenue have served as primary catalysts.
Among the Magnificent Seven technology stocks, Apple distinguished itself on Monday. The remaining members of this elite group continue trading at least 15% beneath their respective record highs.
Nicolas Cote Colisson, an analyst at HSBC, elevated Apple to a Buy recommendation and increased his target price to $366. He characterized the company as having arrived at an “operational turning point.”
Colisson emphasized Apple’s strategic advantage in avoiding the substantial data center infrastructure investments that burden competing AI-focused companies, while simultaneously leveraging its installed base of 2.5 billion devices to advance Apple Intelligence initiatives.
The analyst views Apple’s enhanced agentic Siri capabilities as a significant breakthrough, particularly after previous AI implementations struggled to achieve widespread adoption. He additionally referenced a robust hardware roadmap, encompassing the iPhone 18 Pro, a proposed iPhone Air model in 2027, and a foldable device in development.
Financial institutions including Baird, Morgan Stanley, and Goldman Sachs have similarly increased their AAPL price objectives.
The Street’s aggregate rating stands at Moderate Buy, comprising 16 Buy recommendations, nine Hold ratings, and two Sell opinions. The mean price objective is $329.52.
Wall Street forecasts Q3 earnings per share of $1.89, reflecting a 20.4% year-over-year increase. Revenue projections stand at $109.03 billion, marking a 16% rise compared to the prior-year quarter.
Thursday’s financial disclosure will represent the initial quarterly announcement following Apple’s decision to implement price increases aimed at offsetting elevated memory component costs.
Market participants will closely monitor commentary regarding AI feature integration, device upgrade momentum, and services division expansion.
Nvidia maintained the leading market capitalization position throughout much of the year, propelled by explosive demand for artificial intelligence processors. Recent turbulence affecting semiconductor equities created an opportunity for Apple to reclaim the top ranking.
The consensus AAPL price target of $329.52 suggests modest downside of approximately 2% from present levels, despite the stock’s recent strong performance.
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